Price for Spices; Ginger, Crushed or Ground in Guatemala - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in Guatemala (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Guatemala (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Guatemala
- Exports of Spices; Ginger, Crushed or Ground in Guatemala
Price for Spices; Ginger, Crushed or Ground in Guatemala (CIF) - 2022
The average import price for spices; ginger, crushed or ground stood at $798 per ton in 2022, shrinking by -69.2% against the previous year. Overall, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2013 an increase of 66%. As a result, import price attained the peak level of $5,752 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($17,609 per ton), while the price for Honduras ($63 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Crushed or Ground in Guatemala (FOB) - 2022
The average export price for spices; ginger, crushed or ground stood at $8,483 per ton in 2022, rising by 99% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; ginger, crushed or ground export price increased by +131.1% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($10,329 per ton), while the average price for exports to El Salvador ($5,171 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Crushed or Ground in Guatemala
Spices; ginger, crushed or ground imports into Guatemala surged to 47 tons in 2022, picking up by 42% against the year before. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 191%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, spices; ginger, crushed or ground imports reduced sharply to $37K in 2022. Over the period under review, imports continue to indicate temperate growth. The most prominent rate of growth was recorded in 2021 when imports increased by 111%. As a result, imports attained the peak of $85K, and then fell markedly in the following year.
| Import of Spices; Ginger, Crushed or Ground in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 17.5 | 27.4 | 70.8 | 19.8 | 4.2% |
| China | N/A | N/A | 2.3 | 7.2 | 213.0% |
| Honduras | N/A | N/A | N/A | 2.5 | 0% |
| Spain | 4.6 | 0.9 | 4.0 | N/A | -6.7% |
| Others | 12.1 | 11.9 | 7.9 | 7.9 | -13.2% |
| Total | 34.1 | 40.2 | 84.9 | 37.3 | 3.0% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Guatemala in 2022:
- Honduras (39.3 tons)
- India (5.7 tons)
- China (0.9 tons)
Exports of Spices; Ginger, Crushed or Ground in Guatemala
After three years of growth, shipments abroad of spices; ginger, crushed or ground decreased by -28.2% to 3 tons in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +8.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 34%. As a result, the exports attained the peak of 4.1 tons, and then fell rapidly in the following year.
In value terms, spices; ginger, crushed or ground exports skyrocketed to $25K in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 99%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Spices; Ginger, Crushed or Ground in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 2.9 | 5.7 | 4.8 | 18.4 | 85.1% |
| Costa Rica | 2.8 | 2.1 | 3.8 | 4.3 | 15.4% |
| El Salvador | 2.8 | 2.8 | 8.2 | 2.4 | -5.0% |
| Mexico | N/A | 6.2 | N/A | N/A | 0% |
| Others | N/A | 0.1 | 0.6 | N/A | 500.0% |
| Total | 8.4 | 16.8 | 17.5 | 25.1 | 44.0% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Guatemala in 2022:
- Honduras (1781.0 kg)
- Costa Rica (715.0 kg)
- El Salvador (461.0 kg)
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